Innovation Pharmaceuticals Inc (IPIX)

[JSN2000]

One needs to look at the biotech indexes ... CTIX is affected by the selling as today was another case in point. Pharmaceutical pricing will be under the microscope for the foreseeable future thanks to Valeant and others on the rapid push to inflate drug costs. The market is pricing in some sort of regulatory intervention on price pushed by Congress with the help of the next president. Whether this price control fear is rational or not at this point doesn't matter.